U.S. President Donald Trump is reportedly planning to exempt carmakers from certain tariffs, according to a recent report by The Financial Times. The report, which can be accessed here, suggests that car parts will be excluded from tariffs imposed on imports from China related to fentanyl, as well as those on steel and aluminum.

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Data from the IndexBox platform indicates that the U.S. automotive market has been significantly influenced by import tariffs, with carmakers relying heavily on imported parts to maintain production levels. The exemption could potentially ease some of the financial pressures faced by manufacturers and encourage stability in the market.

Source: IndexBox Market Intelligence Platform